Brazil: Nestle launches Nescau Protein + Milkshake
Nestle, the global FMCG giant, is further developing its Nescau drinking chocolate brand with the launch of Nescau Protein + Milkshake, a ready-to-drink chocolate flavour shake that is claimed to be especially high in protein. According to a report in Giro News, Nestle said the new drink targeted younger, urban consumers with busy lifestyles who were seeking […]
USA: Danone invests in Kona Deep
France-based dairy and drinks multinational Danone has invested in Kona Deep, a Hawaiian ocean bottled water that is claimed to be naturally rich in electrolytes. The company has taken a minority stake in the firm via its venture arm Danone Manifesto Ventures, participating in Kona Deep’s $5.5 million financing round, which includes Grand Crossing Capital and other […]
UK: Izico acquires Goodlife Foods
Izico, the Dutch manufacturer of frozen snacks, is strengthening its position in the UK with the acquisition of vegetarian food producer Goodlife Foods. Goodlife Foods markets a range of frozen vegetable-based products, including vegetarian ready meals and meat-free sausages and burgers. The firm supplies both retail and food service channels and has been operating for […]
Germany: FrieslandCampina to close plant in “reorientation” strategy
FrieslandCampina, the Dutch dairy cooperative, has announced plans to close its factory in Gutersloh, North-Rhine Westphalia, Germany, as part of what it describes as a “a comprehensive reorientation in the German market”. Calling the move a “fresh start”, the company said it planned to refocus its efforts on core brands such as Landliebe, Tuffi and […]
India: Lotte acquires ice cream firm Havmor
Lotte, the Far East conglomerate active in confectionery and other categories, is to buy the Indian ice cream firm Havmor for 1,020 crore INR ($158 million), according to an article in the Economic Times. The South Korea based firm said it would buy 100% of the shares in Havmor, enabling it to begin operations in […]
UK: Pukka Pies plans new facility
Pukka Pies, a UK manufacturer of pies for the retail and foodservice industries, is looking to expand its operations by building a new facility at its manufacturing site in Leicester, according to a report in the Leicester Mercury. The firm is said to have submitted plans for a 50,000 sq foot facility to be built near […]
USA: Procter & Gamble acquires Native Deodorant
Procter & Gamble, the US-based consumer goods giant, has acquired the direct-to-consumer personal care firm Native Deodorant, according to a report in the Cincinnati Business Courier. Financial terms were not disclosed, but the deal is reported to have been completed for around $100 million in cash. Native is promoted as “deodorant that isn’t a chemistry […]
USA: LVMH takes 60% stake in Colgin Cellars
LVMH, the high-end wine and spirits firm, has announced the acquisition of a 60% stake in California-based winery Colgin Cellars. Founded by Ann Colgin in Napa Valley 25 years ago, Colgin Cellars is noted for wines such as Tychson Hill Cabernet Sauvignon, Cariad Napa Valley Red Wine, IX Estate Napa Valley Red Wine and IX Estate Syrah. According to the […]
Sweden: Orkla acquires Health And Sports Nutrition Group
Scandinavian FMCG firm Orkla has announced an expansion into the sports supplements space with the acquisition of Health And Sports Nutrition Group (HSNG), described as the largest e-commerce firm for sports nutrition in the Nordic region. HSNG runs the Gymgrossisten and Bodystore platforms, offering food, dietary supplements and health and well-being products in addition to clothing. […]
USA: Cosmetics LK strengthens in nail care with Prolana acquisition
US health and beauty retailer Cosmetics LK has announced the acquisition of Prolana, a nail care firm, for an undisclosed sum. Founded and launched in 2007, Prolana markets its flagship Nail Optimizer brand as a one-step solution for restoring and strengthening thin, brittle nails. Cosmetics LK said it had “bold plans” to develop the Prolana product range in […]